MaxLinear Inc (MXL)

Debt-to-capital ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	122,375	122,219	122,064	121,910	121,757	171,607	246,450	286,298	306,153	326,027	343,022	344,116	363,592	372,457	207,486	207,197	206,909	206,622	226,335	241,044
Total stockholders’ equity	US$ in thousands	686,265	702,677	746,047	734,112	676,385	615,881	569,597	527,846	489,198	457,543	433,667	420,778	391,117	396,808	401,975	408,157	414,920	413,351	411,376	408,204
Debt-to-capital ratio		0.15	0.15	0.14	0.14	0.15	0.22	0.30	0.35	0.38	0.42	0.44	0.45	0.48	0.48	0.34	0.34	0.33	0.33	0.35	0.37

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $122,375K ÷ ($122,375K + $686,265K)
= 0.15

The debt-to-capital ratio of MaxLinear Inc has exhibited a declining trend from 0.35 as of March 31, 2022, to 0.15 as of December 31, 2023. This indicates that the company has been progressively reducing its reliance on debt to finance its operations and investments in relation to its total capital. The decrease in the ratio suggests a strengthening financial position and improved solvency. However, it's important to note that the ratio slightly fluctuated during the reviewed period, possibly due to changes in the company's capital structure or debt repayment activities. Overall, the declining trend is a positive indication of the company's efforts in managing its capital structure and financial leverage effectively.